Trump’s Portfolio Made More Than 1,100 Trades in One Month. A Look At The Biggest Stock Sales.

President Donald Trump disclosed more than 1,100 securities transactions carried out on his behalf in July, including sales valued at as much as $25 million each in Microsoft and Amazon, according to a financial disclosure released Tuesday.

The filing provides another look at the unusually active investment portfolio maintained during Trump's second term. The 1,156 purchases and sales had a combined reported value ranging from roughly $79 million to $270 million. Purchases accounted for at least $43.6 million, while sales totaled at least $35.6 million.

Because federal financial disclosures report transactions in broad value ranges rather than exact dollar amounts, the precise size of Trump's trades and holdings cannot be determined from the filing alone. The disclosure covers transactions conducted on the president's behalf rather than trades that the filing says Trump personally directed.

Among the largest transactions were sales on July 20 of between $5 million and $25 million each in Microsoft and Amazon shares. Just three days later, the portfolio reported buying between $100,001 and $250,000 of Microsoft and between $1,001 and $15,000 of Amazon. The July 20 activity also included a sale of between $1 million and $5 million in Oracle and the purchase of between $500,001 and $1 million in Nvidia.

Another transaction that day involved the sale of between $250,001 and $500,000 in Northrop Grumman, the major defense contractor. July 20 was also the day Trump signed an executive order aimed at strengthening domestic and allied sourcing of critical materials used in U.S. defense supply chains.

The order restricts certain waivers involving covered materials and directs the government to impose broader supply-chain mapping requirements on defense contractors. The disclosure does not specify what time the Northrop Grumman transaction occurred or identify who made the investment decision.

The White House said Trump's investments are handled independently. "President Trump's stock and bond portfolio is independently managed by third-party financial institutions," White House spokesman Davis Ingle told CNBC. "Neither President Trump nor any member of his family has any ability to direct, influence, or provide input regarding how the portfolio is invested or when investments are bought or sold."

The July disclosure shows a broader reshuffling across technology, consumer and other companies. On July 20, Trump's portfolio reported purchases valued at between $1 million and $5 million each in Intuit, Marvell Technology, Salesforce and Church & Dwight.

It also reported buying between $250,001 and $500,000 in Axon Enterprise, which produces Tasers and other law-enforcement technology and has done business with U.S. Immigration and Customs Enforcement.

Trump's portfolio also shifted millions of dollars among exchange-traded funds. On July 8, the disclosure shows purchases of between $1 million and $5 million each in the State Street SPDR Bloomberg International Treasury Bond ETF, Fidelity MSCI Communication Services Index ETF, Vanguard Short-Term Bond Index Fund ETF and Vanguard Dividend Appreciation Index Fund ETF.

That same day, the portfolio sold between $1 million and $5 million each of the iShares U.S. Treasury Bond ETF, Communication Services Select Sector SPDR Fund and iShares International Treasury Bond ETF.

The portfolio also added several large bond positions, including purchases of between $1 million and $5 million each in two Miami-Dade County aviation revenue bonds, a St. Louis County school district bond and a Main Street Natural Gas bond.

The latest disclosure continues a pattern of heavy trading during Trump's second term. In June, he disclosed 1,051 transactions valued at between $78.1 million and $263.1 million. His 2025 annual financial disclosure reported more than 21,000 securities transactions across eight accounts holding at least $858 million, a sharp contrast with the 86 stock transactions disclosed during his first year in office in 2017.